MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0000587
Equity Capital Advisors (India) Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹136.19 Cr
▲ 2% YoY
Net loss · FY 2025
₹2.38 Cr
Net margin -1.7%
EBITDA · FY 2025
₹3.36 Cr
EBITDA margin 2.5%
Authorised capital
₹35.28 Cr
Registered with MCA
Paid-up capital
₹33.87 Cr
Issued & subscribed
Open charges
₹5.4 Lakh
Secured borrowings
Company age
26 yrs
Est. 2000
Employees · EPFO
94
Provident fund records
About Equity Capital Advisors (India) Private Limited
Data last updated:
Equity Capital Advisors (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Atlas Equifin Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 15 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2000PTC124936. Its GSTIN is 29AABCE2510K1ZT (Karnataka).
The company has an authorised share capital of ₹35.28 Cr and a paid-up capital of ₹33.87 Cr. It was formerly known as Wsv Advisors Pvt Ltd. It is led by directors Rakesh Kumar Aggarwal and Dommallur Shivanna Nandish.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 140 Shanti Industrial Estate S.N Road Mulund (West), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹136.19 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹2.38 Cr (net margin -1.7%) and EBITDA of ₹3.36 Cr (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 18% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Payism Global, Ecaps and ECAPS. As per MCA filings, the company has open charges of ₹5.4 Lakh on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 10 deals on record (4 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹32.61 Cr; the latest was in March 2023. The company has 13 MSME Form 1 returns on record between 2020 and 2024, listing 49 overdue payments to 10 micro and small suppliers.
Equity Capital Advisors (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0000587). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecaps.in.
Company details
CIN U74110MH2000PTC124936
Registration Number 124936
Incorporation Date 15 March 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Atlas Equifin Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0000587
CIN history
Equity Capital Advisors (India) has one previous CIN (Corporate Identification Number): U67190MH2000PTC124936. The current CIN is U74110MH2000PTC124936, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2000PTC124936 | Current |
| U67190MH2000PTC124936 | Previous |
Recognitions & Rankings of Equity Capital Advisors (India)
Contact details
Equity Capital Advisors (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is ecaps.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 140 Shanti Industrial Estate S.N Road Mulund (West), Mumbai, Maharashtra, India – 400080
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Equity Capital Advisors (India) Private Limited, buy the company report.
Comprehensive company report
Equity Capital Advisors (India) Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Equity Capital Advisors (India) operates multiple associated brands including Payism Global, Ecaps, and ECAPS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an agent-based platform for utility bill payments and recharges. | payismglobal.com | |
| Correspondent banking solutions for banks and financial institutions | ecaps.in | |
| Recharge services, bill payments, and travel bookings provided online. | payism.biz |
Business activity
The main business activity of Equity Capital Advisors (India) is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Equity Capital Advisors (India) Private Limited, buy the company report.
Financials of Equity Capital Advisors (India) Private Limited
FY 2024 filings availableEquity Capital Advisors (India) Private Limited reported revenue of ₹136.19 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹136.19 Cr ▲ 2%
Net loss · FY 2025
₹2.38 Cr margin -1.7%
EBITDA · FY 2025
₹3.36 Cr margin 2.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 20%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 340%
3 years · compounded
▲ 41%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 2% growth in the latest year. EBITDA rose 340% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.38 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | -1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Equity Capital Advisors (India) Private Limited, buy the company report.
Board of directors of Equity Capital Advisors (India) Private Limited
Equity Capital Advisors (India) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Aggarwal Also directs: Grandway Advisory Services LLP, Grandway Technologies Private Limited, Atlas Equifin Private Limited and 1 more | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
| Dommallur Shivanna Nandish Also directs: Farm Fin Tech Private Limited, Hungry & Foolish Intellectual Properties Private Limited, Xentrix Studios Private Limited and 2 more | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
Auditor
Equity Capital Advisors (India) Private Limited is audited by PATEL SUNIL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL SUNIL & ASSOCIATES | FY 2022 | 040533 |
Shareholding
The shareholding of Equity Capital Advisors (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Equity Capital Advisors (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.4 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2024 | 100986598 | Others | ₹5.4 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Equity Capital Advisors (India) Private Limited has 10 deals on record (4 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹32.61 Cr; the latest was in March 2023.
Total deals
10
Secondary share transfers
4
Rights issues
3
Funding rounds
3
Disclosed funding
₹32.61 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹26.16 Cr | Investors: Atlas Equifin Private Limited , an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Rights issue | ₹75.3 Lakh | Investors: Atlas Equifin Private Limited , 2 individuals |
| Jul 2021 | Funding round | ₹2.23 Cr | Investors: an individual |
| Apr 2020 | Funding round | ₹4.23 Cr | Investors: an individual |
To see the full deal history of Equity Capital Advisors (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Equity Capital Advisors (India) Private Limited has 3 court cases on record: 3 filed by Equity Capital Advisors (India). 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against The Commissioner of Commercial Taxes and 1 other | Disposed |
| District court, Valsad, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
To see the full case history of Equity Capital Advisors (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Equity Capital Advisors (India) Private Limited has 13 MSME Form 1 returns on record between 2020 and 2024, listing 49 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metric Tree Labs Private Limited | |||
| Digiotech Solutions Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Equity Capital Advisors (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Equity Capital Advisors (India) Private Limited has a workforce of 94 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
94
Active EPFO establishments
1
GST
Equity Capital Advisors (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE2510K1ZT | Karnataka | Active | 02 Nov 2018 |
To see the full GST registrations and return filing status of Equity Capital Advisors (India) Private Limited, buy the company report.
Recent activity
Equity Capital Advisors (India) Private Limited has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Trishaal Nandish ceased to be Director on 17 Jan 2019.
AGM
Equity Capital Advisors (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.05 Cr with Charge ID 100986598 was registered on 21 Sep 2024.
Filing
Equity Capital Advisors (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Trishaal Nandish ceased to be Director.
Appointed
Rakesh Kumar Aggarwal was appointed as Director.
Ceased
Sathishkumar ceased to be Director.
Appointed
Dommallur Shivanna Nandish was appointed as Director.
Ceased
Monica Rajiv Kochhar ceased to be Director.
Ceased
Rajesh Mulraj Sampat ceased to be Additional Director.
Ceased
Amit Chimanlal Shah ceased to be Director.
Incorporation
15 Mar 2000
Equity Capital Advisors (India) Private Limited was registered on 15 Mar 2000 with Roc Mumbai & aged 26 years 7 months as per MCA records.
Frequently asked questions
Equity Capital Advisors (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 15 March 2000 (26+ years old) and is registered under CIN U74110MH2000PTC124936.
Equity Capital Advisors (India) has 2 current directors:
- Rakesh Kumar Aggarwal - Director
- Dommallur Shivanna Nandish - Director
The latest financial statements of Equity Capital Advisors (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Equity Capital Advisors (India) is 29AABCE2510K1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Equity Capital Advisors (India) is U74110MH2000PTC124936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equity Capital Advisors (India) has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the district courts.
Equity Capital Advisors (India) was incorporated on 15 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Equity Capital Advisors (India) has 10 deals on record (4 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹32.61 Cr; the latest was in March 2023.
Trishaal Nandish ceased to be Director on 17 Jan 2019. Rakesh Kumar Aggarwal was appointed as Director on 16 Jan 2019. Sathishkumar ceased to be Director on 31 Dec 2018. Equity Capital Advisors (India) has 7 board changes on record in total.
Yes, Equity Capital Advisors (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0000587).
Equity Capital Advisors (India) has 13 MSME Form 1 returns on record between 2020 and 2024, listing 49 overdue payments to 10 micro and small suppliers. The latest return was filed on 24 May 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages